CR IP TI ON BS SU
MONDAY, JANUARY 23, 2012
Gingrich storms to victory, scrambling GOP race
Saudis to pull observers from Syria mission
Libyan NTC deputy head quits after protests
8
Super Mario sinks Spurs, United down Arsenal
8
20
‘Remorseful’ Saleh bids farewell, leaves Yemen
40 PAGES
NO: 15337
150 FILS
7
www.kuwaittimes.net
SAFAR 29, 1433 AH
Outgoing president heading to US, opponents rally
Former minister, envoy Sheikh Saud dies KUWAIT: A former oil minister and senior member of the AlSabah ruling family, Sheikh Saud Al-Nasser Al-Sabah, has died after a long battle with cancer, said the Amiri Diwan. He was 68. Sheikh Saud died late on Saturday night in a Kuwaiti hospital, the royal court said in a statement. Sheikh Saud, who also served as ambassador to Britain in the 1980s and later to the United States, returned to Kuwait earlier this month after a year in London receiving medical treatment for cancer. During the 1990-1991 Iraqi occupation of Kuwait, Sheikh Saud played an important diplomatic role in helping form a US-led international coalition that liberated Kuwait in Feb 1991. Following the first general election after the liberation in 1992, Sheikh Saud was appointed information minister in his first ministerial post. In 1998, he was appointed oil minister until 2001. His funeral was held yesterday. A statement yesterday from former President George H W Bush called Sheikh Saud a “trusted partner” during the occupation and the US-led war in 1991 that drove Saddam’s military from Kuwait. “Throughout that defining ordeal, he stood proudly with the United States as our coalition ejected Saddam’s forces from Kuwaiti soil and upheld international law,” said Bush’s statement from Houston. “He was truly a good man, and a joy with whom to work.” Sheikh Saud was a leading voice calling for international help during Iraq’s occupation. But he was forced to defend his tactics when it was revealed that his then-teenage daughter, Nayirah, told US lawmakers in Oct 1990 that she had witnessed Iraqi soldiers yank newborn babies from incubators. Several rights groups later questioned the account, which helped galvanize US public opinion in favor of war. In the past decade, Sheikh Saud played an elder statesmen’s role with close ties to the White House and US officials. He also was a strong opponent of anti-Western views by Islamist hardliners in Kuwait. In 2003, he joined other Kuwaiti leaders in endorsing the US invasion of Iraq and called it the “beginning of the end” for extremists. — Agencies
KUWAIT: HH the Crown Prince Sheikh Nawaf Al-Ahmad Al-Sabah (center), family members and other officials attend the funeral of Sheikh Saud Al-Nasser AlSabah yesterday. (Inset) Then oil minister Sheikh Saud gestures during a press conference in this Dec 29, 1998 file photo. — AP/AFP (See Page 3)
Oppn, pro-govt hopefuls clash Candidates down to 321 By B Izzak KUWAIT: The election campaign has heated up with just 10 days remaining for election day. A majority of the candidates have either opened their election headquarters or are about to do so in the coming few days. Opposition and progovernment candidates traded accusations on the intentions of each group with the opposition warning that if the “forces of corruption” win the election, the consequences will be catastrophic for Kuwait and its future. Pro-government candidates openly charged that opposition candidates were aiming to destabilise the country and the regime and urged voters to help support the government to revive the economy and development. Former Islamist Salafist MP Khaled AlSultan called on the government to stay away from the election of the next Assembly speaker, adding that the government should not participate in the election and leave it to MPs. No one has so far openly announced he will contest
the speaker’s post, but candidates like Ahmad Al-Saadoun, Mohammad AlSager, Abdullah Al-Roumi and former minister and MP Ali Al-Rashed have been tipped to run for the coveted post. All of them declined to say they are running but all of them said they will wait for the election results before making their intentions public. The government has 16 ministers and all of them can vote on almost all issues like elected MPs although they are unelected. As a result, candidates who get the government’s support are highly expected to win. In another development, local satellite television station Al-Erada which was established just a few days ago to cover the election has been shut down. The government had been trying in vain to close the station because it started broadcasting without obtaining the necessary license from the information ministry. Owners of the station said that they had established the station outside Kuwait and started broadcasting on Egypt’s Nilesat and accordingly they do Continued on Page 13
Max 15º Min 01º High Tide 12:47 & 23:19 Low Tide 05:54 & 17:19
SANAA: Yemen’s veteran President Ali Abdullah Saleh said he will head to the United States for medical treatment as he asked his people for forgiveness in a farewell speech delivered as he left Sanaa yesterday. “I will go to the United States for treatment and will then return as head of the General People’s Congress (GPC) party,” Saleh said in a televised speech. “I ask for forgiveness from all my people, men and women, for any shortcomings during my 33-year-long rule,” he added. “Now we must concentrate on our martyrs and injured.” An official close to the presidency told AFP that “the Yemeni president left Sanaa” without specifying Saleh’s destination. Diplomats in Sanaa however said that Saleh’s eldest son Ahmed - who commands the feared Republican Guard - was “already in Oman” to prepare for his father’s visit. Continued on Page 13
SANAA: Outgoing Yemeni President Ali Abdullah Saleh speaks to the press at the presidential palace yesterday. — AP
Legendary US football coach Paterno dies
CMA, HSBC ink deal to privatise bourse
WASHINGTON: Penn State’s iconic American football coach Joe Paterno, who was fired last year in the wake of child sex abuse charges against an assistant, died early yesterday after suffering complications from lung cancer. “It is with great sadness that we announce that Joe Paterno passed away earlier today,” the Paterno family said in a statement. “His loss leaves a void in our lives that will never be filled. He died as he lived. He fought hard until the end, stayed positive, thought only of others and constantly reminded everyone of how blessed his life had been.” Mount Nittany Medical Center said the sports hero died of Joe Paterno metastatic small cell carcinoma. “Joe was surrounded by his family at the time of his passing, and they request privacy during this difficult time,” the hospital said in a statement. Paterno, 85, won more games than any other toplevel US collegiate coach in history and the fame of Penn State University’s gridiron team helped enlarge the school’s reputation and academic offerings. But his storied coaching career ended under a dark cloud. Continued on Page 13
Global, KAMCO cut 100 jobs KUWAIT: Kuwait’s Capital Markets Authority signed an agreement yesterday with HSBC bank for the privatisation of the Kuwait Stock Exchange and setting up a new company to run the bourse. The privatisation plan was outlined in Kuwait’s new Capital Markets Authority Law, which also set up the state’s first market regulator. Under the plan, 50 percent of the stock market will be floated in an initial public offering for Kuwaiti citizens. The remaining 50 percent will be auctioned to listed companies, each of which can only buy a 5 percent stake in the market. The agreement was for a period of six months under which HSBC bank would begin the privatisation process, KSE Company ’s Abdullah Al-Gabandi told a news conference. “We are confident that the privatisation of the stock exchange will be of a great benefit to Kuwait’s economy, investors and the listed companies,” he said. Parliament in 2010 passed legislation to set up the CMA as an independent regulator for Kuwait’s stock market with an aim to boost transparency in the Arab
world’s third largest bourse in terms of capitalisation. The market has a capitalisation of around $100 billion and lists 215 local and foreign companies. The privatisation plan, if completed, would make the Kuwaiti exchange the second listed bourse in the region after the Dubai Financial Market. Last year, the exchange’s head said the IPO plan was flawed and hurt its independence. Continued on Page 13
KUWAIT: Kuwait’s Capital Markets Authority and HSBC bank officials sign a deal for the privatisation of the Kuwait Stock Exchange yesterday. —Photo by Joseph Shagra
in the
news
Top court clears alleged Qaeda cell KUWAIT: Kuwait’s supreme court yesterday confirmed the acquittal of six nationals charged with plotting attacks on a US military base in 2009 after forming an Al-Qaeda cell, one of their lawyers said. The ruling is final after the men were also acquitted by a lower court in May 2010 and by the court of appeal in November 2010, Abdullah Al-Kandari said in a statement. The men, along with two other fugitives, were charged with plotting to attack the US military base at Arifjan, that is home to more than 15,000 American troops. The case of the two others, who were tried and acquitted in absentia by the lower courts, did not come up before the supreme court because they are still outside the country. Five of the men were arrested in August 2009 while the sixth defendant was already serving a life sentence for a 2002 attack on the US military in Kuwait that killed an American soldier.
17 die as Iran boat capsizes in Hormuz
Iraq, Kuwait mull reparations ‘fund’ BAGHDAD: Iraq and Kuwait are considering a plan to pay the war reparations which Baghdad still owes its neighbour into a fund for Iraqi investments, the UN’s envoy said yesterday. Iraq, which pays five percent of its oil revenues into a UN reparations fund, is required to hand over another $18 billion, the bulk of it to Kuwait. “There is a proposal on the table that the amount still outstanding is reinvested in Iraq,” Martin Kobler, the UN chief’s special representative to Baghdad, said. “So that this is in a kind of trust fund ...(and) the (UN) resolution is fulfilled, however the money is reinvested in Iraq for the benefit of the people of Iraq.” Iraq has so far paid out $34.3 billion to claimants for Saddam Hussein’s 1990 invasion of Kuwait, of which around $25 billion has gone to Kuwait. Iraq also owes Kuwait around $16 billion for loans which Saddam took out to fund his 1980-1988 war against Iran.
BANDAR ABBAS: Workers transport the body of a capsized boat victim at this Iranian port city yesterday. — AP
TEHRAN: Seventeen people died when an Iranian passenger boat capsized in heavy winds after running out of fuel in the Strait of Hormuz, the official IRNA news agency reported yesterday. The boat set sail Saturday evening from Hormuz Island, the most northern piece of land at the entrance of the Gulf, to the port city of Bandar Abbas in southern Iran, said IRNA. The vessel ran out of fuel during the 10-km journey and was caught in a heavy storm, which also hampered rescue efforts, state television reported. It then capsized and its 22 passengers, captain and crew members were trapped underneath, IRNA said. Rescue teams saved five people, a provincial sailing official, Hossein Khoshbakht, told the agency. An eyewitness told AP that most of the dead were senior citizens, members of a visiting tour to the island. Every day dozens of passenger boats travel between Bandar Abbas and nearby islands near the strategic Strait of Hormuz, some 1,070 km south of the capital Tehran.